IT stocks face structural headwinds, with valuations and AI disruption posing risks, according to Gautam Shah. He advises against catching falling knives in IT, predicting Nifty IT’s potential fall to 26,000. Instead, he favors PSU banks, metals, and energy sectors, anticipating significant upside due to value rotation and geopolitical factors.Read More
Shree Ram Twistex’s IPO has seen overwhelming investor interest, being oversubscribed 12 times. Non-Institutional Investors and retail participants showed significant demand. The company plans to use the funds for renewable energy projects and debt repayment. Share allotment is expected soon, with a tentative listing on March 2.Read More
Foreign institutional investors are cautiously optimistic about India, with recent inflows following budget announcements and a trade deal. While sentiment has improved, many funds remain underweight, adopting a wait-and-watch approach. Sectors like banking and capex-driven industries are attracting interest, contingent on strong earnings visibility.Read More
Domestic brokerage Prabhudas Lilladher expects the Nifty 50 to hit nearly 28,000 in 12 months, saying India’s consolidation phase is paving the way for the next rally. It cites strong policy momentum, major trade deals, resilient corporate earnings and a multi-year compounding cycle supporting medium-term market growth.Read More
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